$785,000
●
House -
Off Market
284 Lakeshore Drive
Douglas, MI 49406
4 Beds
2 Baths
2,000 Ft²
$1,535,332
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model
About This Property
A classic beach house on Lakeshore Drive's old world stretch where
beach homes rarely come available for sale. Phenomenal views from
every room. A massive expansive new deck for entertaining large
groups, dinners, and enjoying Lake Michigan's water, sand, &
sunsets. This cottage has been completely remodeled over the past
two years. All new siding, roof, decks on exterior. All new wood
flooring, fireplace fronts, marble/glass bath, paint and kitchen
appliances. New hot water heater, furnace, septic lift pump.
Cottage rents for $4,000 per week in season! The home consists of
two completely separate 2 bedroom 1 bath with full kitchen units
for versatile personal and rental use. Perched on the base of the
dune, you're virtually just steps to the beach and lake's shore.
Beach lot ownership too
Unit Size
2,000 Ft²
Days on Market
87 days
Land Size
0.10 acres
Price per sqft
$450
Property Type
House
Property Taxes
$1,201
HOA Dues
-
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MichRIC MLS #16007244)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 10, 2022 | Sold | ||
| Sold | |||
| Jun 24, 2020 | Listed by CENTURY 21 Affiliated | $1,295,000 | |
| Listed by CENTURY 21 Affiliated | |||
| | |||
|
Front row seats to Lake Michigan sunsets! This gorgeous, completely remodeled beach house is just steps from the beach. Enjoy panoramic lake views from every room. Multiple decks for grilling and a massive lakeside deck is great for entertaining. Four bedrooms, three full baths and two living areas make this a perfect place for family or rental. All new insulation in 2018. Furnace and plumbing replaced 2015. This beach home is available for sale, turn key including all furniture. Great rental property generating over $100,000 per year. Parking on street only. Currently rented and showings can be scheduled during turnovers.
| |||
| Jan 3, 2020 | No longer available | - | |
| No longer available | |||
| Jun 28, 2019 | Listed | $1,495,000 | |
| Listed | |||
| | |||
|
Beautiful completely remodeled beach house, just steps from the beach. Panoramic views from every room for your family and guests. Multiple decks for grilling out and a massive lake side deck for entertaining and sunsets. 4 bedrooms and 3 full baths and two living rooms make it a great place for a large family or rental. This house rented for $1000 per night this past summer. One of the few beach homes that become available for sale turn key on Lakeshore Drive. The manager has listed the unit size as 2000 square feet.
| |||
| May 4, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Douglas
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Listed by: Tad William DeGraaf, Lighthouse Realty Co Inc
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 16007244
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 16007244
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